Bonterra Energy (TSE:BNE) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Bonterra Energy Corp. (TSE:BNE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.36 and traded as high as C$6.79. Bonterra Energy shares last traded at C$6.65, with a volume of 93,837 shares.

Bonterra Energy Price Performance

The company’s 50-day moving average is C$6.69 and its 200-day moving average is C$5.37. The company has a debt-to-equity ratio of 35.57, a current ratio of 0.56 and a quick ratio of 0.21. The firm has a market capitalization of C$237.37 million, a price-to-earnings ratio of -9.69 and a beta of 0.16.

Bonterra Energy (TSE:BNE) last released its earnings results on Thursday, May 14th. The company reported C($0.40) earnings per share (EPS) for the quarter. Bonterra Energy had a negative return on equity of 4.63% and a negative net margin of 10.49%.The company had revenue of C$34.96 million during the quarter. On average, research analysts expect that Bonterra Energy Corp. will post 0.336726 earnings per share for the current year.

About Bonterra Energy

Bonterra Energy Corp. is a conventional oil and gas corporation forging a grounded path forward for Canadian energy. Operations include a large, concentrated land position in Alberta’s Pembina Cardium, one of Canada’s largest oil plays. Bonterra’s liquids-weighted Cardium production provides a foundation for implementing a return of capital strategy over time, which is focused on generating long-term, sustainable growth and value creation for shareholders. Emerging Charlie Lake and Montney resource plays are expected to provide enhanced optionality and an expanded potential development runway for the future.